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Apr. 4, 2025 BrownfieldAgNews reports: Experts say President Trump's retaliatory tariff announcement is setting a new precedent for trade in North America. Juan Carlos Baker is CEO of Ansley International Consultants. "We just witnessed the most significant developments in trade policy in maybe 3 decades." He says Canada and Mexico were spared from the President's tariff list, which could indicate a renegotiation of USMCA. "The agreement will be reviewed in 2026 for all intents and purposes, I believe that we are already on that moment." Brad Wood with the National Foreign Trade Council says the US continues to emphasize the importance of the USMCA. "There is an understanding that Canada and Mexico need to diversify their partners and that their reliance on the US cannot just be taken for a certainty," he says. "But nonetheless, the relationship continues to be critical." Baker says the recent announcement could push Mexico to explore other export opportunities. To read the entire report click here. Tweet |
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